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Cleese Payment Company is expected to pay a $3 dividend per share at the end of this year. The companys beta is 1. Three months
Cleese Payment Company is expected to pay a $3 dividend per share at the end of this year. The companys beta is 1. Three months US Treasury bill yield is 2 %, and the return on the S&P 500 index is 10 %. It is expected to grow at 4% per year forever. How much should be the value of the shares?
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